Imperial Brands PLC
IMB
ISIN GB0004544929 / Valor 517719
Imperial Brands PLC
UMushroom community rating:
About company
Imperial Brands PLC, formerly known as Imperial Tobacco Group plc, is a global tobacco company with a strong presence in the UK, Spain, and the US. The company's portfolio includes well-known brands such as Gauloises, Nobel, Fortuna, USA Gold, Sonoma, West, and Davidoff. Imperial Brands has expanded its product offerings to include potentially less harmful alternatives to traditional tobacco products, reflecting a shift in consumer preferences. The company has a history of strategic acquisitions, such as Altadis and Reemtsma, which have helped it establish a significant presence in key markets across Europe and the US. Imperial Brands is listed on the London Stock Exchange and continues to focus on innovation and product development to meet the evolving needs of its customers.
Summarized from source with an LLMView SourceSector: Consumer Non-CyclicalsLatest Results (28.08.2026):
Imperial Brands PLC — Half Year Results for the six months ended 31 March 2026 (H1 2026). The group reported modest underlying revenue growth but lower reported profits driven by one‑offs; adjusted measures show small improvement in operating profit and EPS. Management cites continued pricing strength in combustibles, good NGP (next generation products) momentum, strong cash generation, an increased interim dividend and progress on its 2030 transformation and cost‑efficiency plans.
Key headline numbers
Reported revenue £14,719m, up 0.8% year‑on‑year. Reported operating profit £925m (down 36.5%); adjusted operating profit £1,644m (down 0.5% on an actual basis, +0.6% at constant currency). Reported EPS 59.9p (‑38.1%); adjusted EPS 127.7p (+3.1% actual, +5.3% at constant currency). Net debt around £10.9bn (reported).
Tobacco & NGP performance
Tobacco & NGP net revenue (adjusted) £3,729m, +1.8% (constant currency). Adjusted Tobacco & NGP operating profit £1,479m, broadly flat (‑0.5% actual, +1.3% constant). Strong NGP progress cited: Pulze 3.0 drove heated tobacco growth, modern oral grew in Europe and US volume share increased.
Cash flow, capital returns and balance sheet
Management reports consistent, strong cash flows despite one‑offs. Interim dividend raised 4% to 83.36p per share. Share buyback programme of £1.45bn is reported as on track. Reported net debt ~£10.94bn (adjusted ~£10.52bn).
One‑offs & adjusted metrics
Reported profits were materially lower due to one‑off items; adjusted metrics show only small declines or modest growth (EPS and adjusted operating profit improved slightly on a constant currency basis). Reconciliations are provided in the report.
Strategy, cost actions and partnerships
Company reiterates progress on its evolved 2030 strategy: pricing in combustibles, share gains in NGP, supply‑chain footprint rationalisation and a strategic partnership with Capgemini to drive transformation and efficiency.
Outlook & risks
Management remains confident of a step‑up in adjusted operating profit growth in H2 in line with full‑year guidance but flags increased macro uncertainty from tensions in the Middle East.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
25371 M
Market cap (USD)
1,354,730
Daily traded volume (Shares)
25.63 / 25.49
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
Marcel Mosimann
Mercedes Neuhaus
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